diff --git a/package.json b/package.json
index 339c49850d..c02e114ce5 100644
--- a/package.json
+++ b/package.json
@@ -327,7 +327,7 @@
     "@yarnpkg/lockfile": "^1.1.0",
     "@yarnpkg/parsers": "3.0.0-rc.46",
     "@zkochan/js-yaml": "0.0.6",
-    "axios": "^1.5.1",
+    "axios": "^1.6.0",
     "classnames": "^2.3.1",
     "cliui": "^8.0.1",
     "core-js": "^3.6.5",
diff --git a/packages/create-nx-workspace/package.json b/packages/create-nx-workspace/package.json
index c1db6bd033..a1077374ea 100644
--- a/packages/create-nx-workspace/package.json
+++ b/packages/create-nx-workspace/package.json
@@ -36,7 +36,7 @@
     "tmp": "~0.2.1",
     "tslib": "^2.3.0",
     "yargs": "^17.6.2",
-    "axios": "^1.5.1"
+    "axios": "^1.6.0"
   },
   "publishConfig": {
     "access": "public"
diff --git a/packages/node/migrations.json b/packages/node/migrations.json
index 155a202b82..13b0d3de92 100644
--- a/packages/node/migrations.json
+++ b/packages/node/migrations.json
@@ -34,6 +34,15 @@
           "alwaysAddToPackageJson": false
         }
       }
+    },
+    "17.3.1": {
+      "version": "17.3.1-beta.0",
+      "packages": {
+        "axios": {
+          "version": "^1.6.0",
+          "alwaysAddToPackageJson": false
+        }
+      }
     }
   }
 }
diff --git a/packages/node/src/utils/versions.ts b/packages/node/src/utils/versions.ts
index a61596dea3..f95028cc67 100644
--- a/packages/node/src/utils/versions.ts
+++ b/packages/node/src/utils/versions.ts
@@ -15,4 +15,4 @@ export const fastifyAutoloadVersion = '~5.7.1';
 export const fastifySensibleVersion = '~5.2.0';
 export const fastifyPluginVersion = '~4.5.0';
 
-export const axiosVersion = '^1.0.0';
+export const axiosVersion = '^1.6.0';
diff --git a/packages/nx/package.json b/packages/nx/package.json
index 2d55c802df..535a9006cd 100644
--- a/packages/nx/package.json
+++ b/packages/nx/package.json
@@ -36,7 +36,7 @@
     "@yarnpkg/lockfile": "^1.1.0",
     "@yarnpkg/parsers": "3.0.0-rc.46",
     "@zkochan/js-yaml": "0.0.6",
-    "axios": "^1.5.1",
+    "axios": "^1.6.0",
     "chalk": "^4.1.0",
     "cli-cursor": "3.1.0",
     "cli-spinners": "2.6.1",
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 5ebd31d986..66884e1109 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -54,8 +54,8 @@ dependencies:
     specifier: 0.0.6
     version: 0.0.6
   axios:
-    specifier: ^1.5.1
-    version: 1.5.1
+    specifier: ^1.6.0
+    version: 1.6.2
   classnames:
     specifier: ^2.3.1
     version: 2.3.2
@@ -13503,8 +13503,16 @@ packages:
     engines: {node: '>=4'}
     dev: true
 
-  /axios@1.5.1:
-    resolution: {integrity: sha512-Q28iYCWzNHjAm+yEAot5QaAMxhMghWLFVf7rRdwhUI+c2jix2DUXjAHXVi+s1ibs3mjPO/cCgbA++3BjD0vP/A==}
+  /axios@0.21.4(debug@4.3.2):
+    resolution: {integrity: sha512-ut5vewkiu8jjGBdqpM44XxjuCjq9LAKeHVmoVfHVzy8eHgxxq8SbAVQNovDA8mVi05kP0Ea/n/UzcSHcTJQfNg==}
+    dependencies:
+      follow-redirects: 1.15.2(debug@4.3.2)
+    transitivePeerDependencies:
+      - debug
+    dev: true
+
+  /axios@1.6.2:
+    resolution: {integrity: sha512-7i24Ri4pmDRfJTR7LDBhsOTtcm+9kjX5WiY1X3wIisx6G9So3pfMkEiU7emUBe46oceVImccTEM3k6C5dbVW8A==}
     dependencies:
       follow-redirects: 1.15.2
       form-data: 4.0.0
@@ -23274,7 +23282,7 @@ packages:
       '@yarnpkg/lockfile': 1.1.0
       '@yarnpkg/parsers': 3.0.0-rc.46
       '@zkochan/js-yaml': 0.0.6
-      axios: 1.5.1
+      axios: 1.6.2
       chalk: 4.1.2
       cli-cursor: 3.1.0
       cli-spinners: 2.6.1
@@ -23339,7 +23347,7 @@ packages:
       '@yarnpkg/lockfile': 1.1.0
       '@yarnpkg/parsers': 3.0.0-rc.46
       '@zkochan/js-yaml': 0.0.6
-      axios: 1.5.1
+      axios: 1.6.2
       chalk: 4.1.2
       cli-cursor: 3.1.0
       cli-spinners: 2.6.1